- Total News Sources
- 5
- Left
- 2
- Center
- 3
- Right
- 0
- Unrated
- 0
- Last Updated
- 46 days ago
- Bias Distribution
- 60% Center
Akio Toyoda, chairman of Toyota Motor Co., faces significant opposition from shareholders and proxy advisory firms Glass Lewis and Institutional Shareholder Services (ISS) at the upcoming June 18 annual meeting. This follows Toyota's admission of fraudulent certification tests for several vehicle models, a scandal that has severely impacted the company's reputation and stock value. ISS and Glass Lewis recommend voting against Toyoda's re-election due to governance concerns and lack of board independence, attributing accountability to him for the company's widespread issues. Despite Toyoda's past successes in navigating Toyota through crises and improving operations, the current scandal has overshadowed these achievements. The firm's stock has dropped significantly, losing about 3 trillion yen in market value. The broader issue extends to other Japanese automakers, with multiple companies admitting to safety test cheating in recent years.
- Total News Sources
- 5
- Left
- 2
- Center
- 3
- Right
- 0
- Unrated
- 0
- Last Updated
- 46 days ago
- Bias Distribution
- 60% Center
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